An important week coming for the stock. And maybe for the sector - all U stocks. Same I have been saying for last few weeks. That sentiment has not changed this week as well. So time for caution.
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Like last few weeks, CCJ is testing the waters - which way will it go?
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Last 5 weeks there has been a pause. As if everyone is waiting. Nothing much has happened. I believe, next big move in the sector will happen, depending on whether CC tries to reach 45 or 65 first. All others will follow. At this stage there is no clear direction.
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AEE is playing weak now. Its a hot and cold stock. Now that the going is not good for the sector, its playing weak. and it will continue to do so, till we see a change in U macro.
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This is what I have written about U sector in my Weekly Report this week on AGE thread. Anyone more interested in other sectors, general markets, etc, look at my other posts around the weekly report, as I write that on one thread only.
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- Uranium Sector overview - CCJ in consolidation mode. I feel its very simple from here. If it loses the 50/52 level, 45 will come into play. Most U stocks will lose another 10 to 20% in that case. If it holds here and gets towards 58, most U stocks will gain 10/20%. If CCJ does the move which I think is beckoning, and moves between 65 to 70, most U stocks will at least do a gain of 30 to 50%. So lot driving on CCJ I feel. Also on Spot price, which has reached dangerous levels. At 76 now, nearly 30% down from January high. It just shows what I have been saying for last few years - The supply/demand on U is not known, its a black box. Most punters screaming that we Supply squeeze is coming soon. Most X posters screaming taht we will see monster rises in the sector because of Supply squeeze. And, what are the utility guys, who actually use Uranium doing? Sitting in a pub, smoking cigar, and discussing football. What Supply squeeze? So there is a disconnect, whether we want to accept it or not. And that could drive SP in short to medium term. Best to be have an open mind.
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An important week coming for the stock. And maybe for the sector...
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Last
14.5¢ |
Change
0.015(11.5%) |
Mkt cap ! $129.1M |
Open | High | Low | Value | Volume |
13.0¢ | 14.5¢ | 13.0¢ | $365.4K | 2.635M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 248037 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 472868 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 211000 | 0.135 |
3 | 77573 | 0.130 |
9 | 422766 | 0.125 |
23 | 801946 | 0.120 |
9 | 973778 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 472868 | 10 |
0.150 | 860045 | 11 |
0.155 | 289500 | 9 |
0.160 | 2331652 | 8 |
0.165 | 14814 | 1 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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AEE (ASX) Chart |